$399,900
215 Lake Avenue E Ladysmith, WI 54848 - Flambeau
For Sale MLS# 1596548
3,907 sq ft Commercial
Details for 215 Lake Avenue E
MLS# 1596548
Description for 215 Lake Avenue E, Ladysmith, WI, 54848 - Flambeau
Prime investment opportunity on Ladysmith’s main corridor! Positioned on the high-visibility corner of Lake Avenue East and Highway 8, this zero-entry, slab-on-grade commercial building offers unmatched exposure, consistent vehicle traffic, and even uncapitalized views of the Flowage with your own frontage. The building features three fully leased units ready to add to your investment portfolio! The west unit is home to a long-standing nail salon tenant, leased through September of 2028. The middle unit is leased through September 2026 and operating as a 24-hour laundromat and the laundry equipment is included! This lease also includes full use of the adjacent office space (the east unit) and all on-site commercial laundry equipment; maintained by the tenant. Offering a solid tenant mix, stable income, flexible-use layout, and high-traffic corner placement, this is a rare chance to acquire a turn-key income-producing asset in a growing Northwoods community.
Listing Information
Property Type: Commercial
Status: Active
Lot Size: 0.45 Acres
Square Feet: 3,907 sq ft
Year Built: 2007
Construction: Log,Wood Siding
Foundation: Poured
County: Rusk
School Information
District: Ladysmith
Interior Features
Square Footage above: 3,907 sq ft
Accessibility: Other, Accessibility Features, Accessible Entrance
Utilities
Water: Public
Sewer: Public Sewer
Cooling: Other, Central Air, See Remarks
Heating: Baseboard, Forced Air
Exterior / Lot Features
Lot Dimensions: 100 x 160 x 120 x 163
Zoning: Commercial,Shoreline
Waterfront Details
Standard Water Body: Flambeau
Driving Directions
Lake Avenue East (Hwy 8). Property is on the corner of Lake Ave E and Hwy 8, near the flowage.
Financial Considerations
Tax/Property ID: 246-02310-0000
Tax Amount: 7907.73
Tax Year: 2024
A broker reciprocity listing courtesy: Keller Williams Realty Diversified
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Northwestern Wisconsin MLS. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Northwestern Wisconsin MLS. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
Copyright 2025 Northwestern Wisconsin MLS. All Rights Reserved.
Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 215 Lake Avenue E
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
Schools
Schools nearby 215 Lake Avenue E
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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